Oil Prices | Egypt Oil & Gas - Part 33
Storage Industry Optimizing in Preparation for Oil Price Rebound
Oil traders are seeking out storage in order to sell at a profit in the future when the price rebounds, according to experts.
Saudi OPEC Governor Precludes Return to High Price Era
Saudi Arabia's OPEC governor Mohammed al-Madi said on Sunday that he believed it would be difficult for oil to reach a price range of $100-120 per barrel again.
Oil Prices Driving US Shale Bankruptcies and Junk Bond Growth
The rise in junk bonds and bankruptcies are the latest sign of stress in the petroleum sector
Gulf States Compete to be Top Investor in Egypt, Despite Oil Price Crunch
Of the Gulf Cooperation Council (GCC) member-states, the UAE stands out for being a major contributor to enhancing the Egyptian economy.
India Beefing Up Reserves, Refining Iraqi Crude
India is set to import 8 million barrels of Iraqi oil to fill its first strategic petroleum reserve (SPR), taking advantage of cheap prices and lending some support to a market suffering from oversupply.
Oman Optimizing Costs to Tackle Oil Price Plunge
Oil producers in Oman, including majority state-owned Petroleum Development Oman (PDO), are resorting to cost-cutting measures in view of the plunging crude prices in the international market.
Japan-Saudi Petrochem Complex Secures Finances for Expansion
Saudi Arabia's PetroRabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, has signed loans worth 19.4 billion riyals ($5.2 billion) for the expansion of its petrochemicals complex, it said on Tuesday.
Oil Prices Prompt North Sea Operators to Sell Off Assets
The North Sea, which brought upheaval to global oil markets in the 1980s just as shale has in this decade, is desperately seeking tax relief in Wednesday’s British budget.
